Amazon Last Mile Facility Investment 8720 Aluminum Rd
70,928 SF 4-Star Industrial Building Missoula, MT 59808 $20,000,000 ($282/SF) 5.45% Cap Rate
Investment Highlights
- ±5.45% cap rate
- 9+ years remaining lease term
- Equipped with 2000A service of 3 phase 480V power
- 3% annual base rent escalations
- State-of-the-art facility with 32' clear height, ESFR sprinklers, high-end HVAC
- 7 dock high loading doors, 3 grade level loading doors and 4 lane covered drive bays
Executive Summary
SterlingCRE Advisors is pleased to present a state-of-the-art, institutional-grade investment opportunity for an Amazon Last Mile Facility at 8720 Aluminum Road in Missoula, Montana.
Located in the path of growth for Missoula County, this ±70,928 square foot warehouse on ±7.70 acres is guaranteed by Amazon.com, Inc with 9+ years remaining on the initial term. The property is situated approximately 1/2 miles from the interchange of US Highway 93 and Interstate 90, a key north-south and east-west trucking corridor convergence point.
This facility is the first of its kind for Amazon in Montana. Tenant co-investment in the facility exceeds $7.6m with cutting-edge air handling, lighting, pit levelers, speed bays and ESFR sprinkling systems.
At 32' clear height and 2000A of 3ph 480V power, this property is prepared for the future. Knockouts for additional dock and grade level doors were formed into the concrete panels to allow for future flexibility.
Built-in, 3% annual escalations grow your return each year.
Located in the path of growth for Missoula County, this ±70,928 square foot warehouse on ±7.70 acres is guaranteed by Amazon.com, Inc with 9+ years remaining on the initial term. The property is situated approximately 1/2 miles from the interchange of US Highway 93 and Interstate 90, a key north-south and east-west trucking corridor convergence point.
This facility is the first of its kind for Amazon in Montana. Tenant co-investment in the facility exceeds $7.6m with cutting-edge air handling, lighting, pit levelers, speed bays and ESFR sprinkling systems.
At 32' clear height and 2000A of 3ph 480V power, this property is prepared for the future. Knockouts for additional dock and grade level doors were formed into the concrete panels to allow for future flexibility.
Built-in, 3% annual escalations grow your return each year.
Property Facts
Price | $20,000,000 |
Price Per SF | $282 |
Sale Type | Investment NNN |
Cap Rate | 5.45% |
Sale Conditions | 1031 Exchange |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | A |
Lot Size | 7.70 AC |
Rentable Building Area | 70,928 SF |
No. Stories | 1 |
Year Built | 2023 |
Tenancy | Single |
Parking Ratio | 2.82/1,000 SF |
Clear Ceiling Height | 32 FT |
No. Dock-High Doors/Loading | 7 |
No. Drive In / Grade-Level Doors | 3 |
Utilities
- Gas - Natural
- Heating - Gas
1 of 1
PROPERTY TAXES
Parcel Number | 04-2325-21-4-02-01-0000 | Improvements Assessment | $9,483,305 |
Land Assessment | $1,202,695 | Total Assessment | $10,686,000 |
zoning
Zoning Code | Industrial Center, Light (Missoula County Zoning) |